Bentley Systems (BSY) Operating Margin (2019 - 2026)

Bentley Systems (BSY) reported Operating Margin of 29.77% for Q1 2026, down 132.0% year-over-year from 93.02% in Q1 2025, and up 48.46% quarter-over-quarter from 20.05% in Q4 2025.

Bentley Systems (BSY) Operating Margin (2019 - 2026) Analysis & Trends

Bentley Systems (BSY) has 8 years of Operating Margin data on file, last reported at 29.77% in Q1 2026.

  • Operating Margin for Q1 2026 came in at 29.77%, down 132.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.03% (up 55.0% YoY), and the FY2025 annual result was 24.15%, up 182.0% from the prior year.
  • Operating Margin rose to 29.77% in Q1 2026 per BSY's latest filing, from 20.05% in the prior quarter.
  • Over five years, Operating Margin peaked at 31.09% in Q1 2025 and troughed at 12.16% in Q4 2023.
  • A 5-year average of 21.61% and a median of 20.77% in 2022 frame the typical range for Operating Margin.
  • On a YoY basis, Operating Margin climbed as much as 3563 bps in 2022 and fell as far as 453 bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 14.2% in 2022, then retreated by 14 bps to 12.16% in 2023, then soared by 44 bps to 17.56% in 2024, then advanced by 14 bps to 20.05% in 2025, then soared by 48 bps to 29.77% in 2026.
  • Business Quant data shows BSY's Operating Margin at 29.77% in Q1 2026, 20.05% in Q4 2025, and 22.5% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 28.69%
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 14.56%
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 12.05%
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 21.08%
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 29.26%
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 13.34%
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn -22.99%
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 33.82%
10 Bentley Systems 9.52 Bn 9.41 Bn 350.41 Mn 29.77%

Historic Data

Download Data
DateValue
Mar 31, 2026 29.77%
Dec 31, 2025 20.05%
Sep 30, 2025 22.50%
Jun 30, 2025 23.19%
Mar 31, 2025 31.09%
Dec 31, 2024 17.56%
Sep 30, 2024 20.48%
Jun 30, 2024 24.27%
Mar 31, 2024 27.22%
Dec 31, 2023 12.16%
Sep 30, 2023 24.03%
Jun 30, 2023 17.96%
Mar 31, 2023 20.92%
Dec 31, 2022 14.20%
Sep 30, 2022 20.70%
Jun 30, 2022 20.77%
Mar 31, 2022 20.54%
Dec 31, 2021 16.16%
Sep 30, 2021 -14.93%
Jun 30, 2021 14.83%